Singapore MAS announces DTSP regulatory framework; non-compliant institutions must cease operations from June 2025.

Layer2Geek · 2025-06-05T17:46:08+00:00

The Monetary Authority of Singapore has released the DTSP regulatory framework, requiring non-compliant institutions to cease operations immediately, and emphasizes compliance and tiered regulation of stablecoins. It will take effect in 2025, and institutions holding relevant licenses must adhere to the new obligations.

Layer2Geek

2025-06-05 17:46:08

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On June 5, the vice president of hosting of a platform issued a document saying that Singapore’s MAS issued the final guidance on the DTSP regulatory framework under the Financial Services and Markets Act (FSMA), which will take effect on June 30, 2025, and non-compliant DTSPs need to stop operating immediately. DTSP refers to institutions that provide token trading, transfer, custody and other services to overseas customers in Singapore, but those who already hold PSA/SFA/FAA licenses or are exempted do not need to apply for new DTSP licenses, and still need to meet new obligations, such as stricter technical risk management, annual audits, and reporting major security incidents within 1 hour. MAS emphasizes shifting from “licensing” to “compliance” and implements hierarchical regulation of stablecoins.

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